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The Latest Breaking News from Khalid alFalih

Syria and Saudi Arabia sign multibillion-dollar investment deals to boost economy

Syria and Saudi Arabia have signed multibillion-dollar investment agreements, including a major telecommunications project and a low-cost joint airline

The Independent UK

Google’s Ruth Porat: To unlock AI’s upside, rethink every process

"I think we are living in an extraordinary time," Porat said at the Fortune Global Forum.

Fortune

Barclays reenters Saudi Arabia 11 years after exiting business

Investment Minister Khalid Al-Falih said at the Fortune Global Forum: “People have seen that the kingdom is a long-term partner. We’re not transactional.”

Fortune

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Saudi Arabia's minister of investment on Vision 2030 and the world's search for reliable partners

In conversation with Fortune Editor-in-Chief Alyson Shontell, H.E. Khalid Al-Falih described a world where "everyone is concerned" about supply chains.

Fortune

Google President Ruth Porat: ‘We should be able to cure cancer in our lifetime’ with AI

Porat said it's great that "people are playing" with AI through chatbots, but we're living through a much bigger change than that.

Fortune

‘Strategic partners’: A look at burgeoning Saudi-Brazil trade ties

Brazil and Saudi Arabia have long been economic partners, but the two are pushing to deepen trade and investment.

Al Jazeera

Saudi Strategic Partnership Seeks to Promote Investment in Culture

The Saudi ministries of culture and investment concluded a memorandum of strategic partnership to develop cultural investment in the Kingdom and attract local and foreign investors to the sector. In a ceremony on Wednesday, Saudi Minister of Culture Prince Badr bin Abdullah bin Farhan and Eng.

Asharq Al-Awsat

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Saudi Media Forum Focuses on Keeping Pace with the Sector’s Transformations

Experts and participants in the Saudi Media Forum have emphasized the need to consciously keep pace with the transformations of the media environment. They also identified means to develop media discourse and the performance of institutions and individuals working in the sector, to meet the expectations of the public, which…

Asharq Al-Awsat

Saudi Arabia Finances $319 Million Infrastructure Project in Oman

Saudi Arabia and Oman announced on Wednesday that they signed 13 investment MoUs between the their private and public sectors with a value exceeding one billion riyals ($266.6 million). Fields covered by the agreements include oil and petrochemical storage, renewable energy and green hydrogen, mining investment, logistics and transportation, entrepreneurship,…

Asharq Al-Awsat

Saudi Arabia, Türkiye Agree to Expand Exports

Saudi Investment Minister Khalid al-Falih concluded a visit to Türkiye during which he agreed with Turkish officials to expand the export and import movement and announced the first direct financing agreement for Saudi non-oil exports. Saudi Export-Import Bank signed a $26 million financing line agreement with Türkiye Finans Katilim Bank…

Asharq Al-Awsat

Saudi Arabia, Türkiye to Boost Investment, Trade Exchange

Saudi Arabia and Türkiye affirmed that a current opportunity is present for improving and accelerating joint activities, increasing investments, and raising the volume of trade exchange. The Kingdom has an incentive to improve and accelerate its joint activities with Türkiye in the post-pandemic period, said Saudi Investment Minister Khalid Al-Falih.…

Asharq Al-Awsat

Saudi Arabia Targets Tuwaiq with $760 Bn Projects

Saudi Minister of Energy Prince Abdulaziz bin Salman, Minister of Investment Khalid al-Falih, and the National Center for Industrial Development CEO, Abdul Rahman al-Qirtas, signed an agreement to support the sustainable growth of the Kingdom’s manufacturing sector. The partnership takes Vision 2030 ambitions a step closer towards economic diversification and…

Asharq Al-Awsat

Saudi Arabia to Adopt Strategy to Stimulate Development, Innovation and Research

Senior Saudi government officials revealed serious trends towards activating development, innovation and research within the framework of the country’s transformation plan, disclosing the imminent completion of a strategy dedicated to research and development. The Ministry of Education launched on Wednesday in Riyadh, the first dialogue conference, entitled “Integration and Sustainable…

Asharq Al-Awsat

Saudi Arabia, South Korea to Cooperate on 40 Projects, Economic Initiatives

The Saudi Minister of Investment, Khalid al-Falih, revealed that 26 agreements were concluded with a total value of about $29 billion during the visit of the Saudi Crown Prince, Prince Mohammed bin Salman, to South Korea. Falih confirmed to Al Arabiya channel that the Shaheen project is the biggest foreign…

Asharq Al-Awsat

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Asharq Al-Awsat

Oxford Economics Predicts Saudi Economy to Cross $1 Trln Mark in 2022

Oxford Economics has predicted that the Saudi economy will cross the trillion-dollar mark for the first time this year. The leader in global economic forecasting and econometric analysis pointed out that the growth rate of Saudi Arabia's national product will reach 7.5 % during 2022. The International Monetary Fund has…

Asharq Al-Awsat

Al-Falih: Saudi Investment Relationship with US Developing in Serving Both Countries

Saudi Minister of Investment Engineer Khalid Al-Falih hailed the Jeddah Security and Development Summit that was held on Saturday. “These meetings come at a particularly critical period and offer us the opportunity to boost the relations and strategic partnerships between our countries and the United States, for the good of…

Asharq Al-Awsat

Saudi Arabia, Greece Discuss Qualitative Investment Opportunities

In an effort to enhance bilateral trade and economic cooperation, the Saudi-Greek Investment Forum convened on Monday in Athens, in the presence of leaders and representatives of the two countries’ public and private sectors. The forum was chaired by Saudi Investment Minister Eng.

Asharq Al-Awsat

Al-Falih: We Have Quadrupled Foreign Investment Flows

It might seem somewhat strange for one of the biggest electric car producers to open a factory in one of the world’s major oil-producing countries, but it actually boils down to the story of the most exciting economic transformation of the 21st century. “It is one of the most exciting…

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Asharq Al-Awsat

Foundation Stone Laid for First Lucid Plant in Saudi Arabia

US-based Lucid Motors on Wednesday laid the foundation stone for its first-ever electric car plant outside the US at King Abdullah Economic City (KAEC) in the Saudi western city of Rabigh. Minister of Industry and Mineral Resources Bandar Alkhorayef announced that Saudi Arabia is targeting manufacturing of more than 300,000…

Asharq Al-Awsat

Riyadh, Dushanbe Eye Joint Investments in Industrial, Mining Sectors

Coordination is underway between officials in the Saudi Investment Ministry and the State Committee on Investment in Tajikistan for arranging meetings of the Saudi-Tajik joint committee and a business forum during the coming period, a Tajik diplomat revealed. Moreover, coordination is in full swing to hold the Saudi-Tajik Business Sector…

Asharq Al-Awsat

Saudi Entities Coordinate to Facilitate Issuing 'Entrepreneurship' Licenses in the Kingdom

Saudi Minister of Investment Khalid al-Falih announced that visiting Saudi Arabia in 2030 will be an opportunity for work, stability, investment, and future building. Falih indicated that the economic development in the Kingdom would lead to the development of the entire region, noting that Ministries of Investment and Commerce are…

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